Free Trial

CPI Slightly Firmer Than Consensus But Still Below SNB F'cast

SWITZERLAND DATA

Swiss February headline CPI came in slightly firmer than expected at +1.2% Y/Y (vs +1.1% cons; +1.3% prior) and 0.6% M/M (vs +0.5% cons; +0.2% prior). The core rate came in at 1.1% Y/Y (vs +1.0% cons; +1.2% prior).

  • Looking at individual components, goods inflation decelerated on a yearly basis, coming in at +0.1% Y/Y (vs +0.4% prior). The disinflation was all driven by non-duarbles, which printed +0.9% Y/Y, vs +1.4% in January. Services inflation stayed consistent at +1.9% Y/Y, with private services inflation increasing +0.1pp to 2.2% Y/Y and public services disinflated -0.1pp to +0.6% Y/Y.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.